Chief Finance Officer (CFO) - East Africa

REPORTING TO

Chief Executive Officer (CEO)

JOB SUMMARY

This role is responsible for the East Africa Business including Kenya, Tanzania, Uganda, and Rwanda

The incumbent will be responsible for ensuring long term financial health and growth of the companies in the East African Market. Ensuring regulatory compliance on all financial aspects of the business. They will also be responsible for collating, implementing, and managing strategies in line with the overall Company’s vision with the main aim of increasing revenue, achieving maximization of profits and return on investment across the region through prudent fiscal management and efficient use of resources.

The incumbent will also be contributing as a member of the Regional/Senior Management Team with regards to planning processes for budgets, staffing and operational matters in support of the achievement of organisational strategy and objectives and overseeing the day-to-day management of finance and accounts department, and supports administrative functions to fulfil organisational objectives, achieving specific goals, and maximising profit and efficiency.

DUTIES AND RESPONSIBILITIES

The incumbent will be required to perform the below duties:

Forecasting & Budgeting

• Prepare Group financial and operational forecasts on regular basis and report on actual performance versus forecasts.
• Undertake interpretation and presentation of financial reports in order to monitor work and performance status as well as determine expenditure trends of the organization and provide inputs into strategic planning of the organization.
• Lead in the preparation of annual budget in line with the expectations and strategies of the Group
• Provide input to the development of Group’s budgeting guidelines, policies and procedures ensuring inculcation of best practices and alignment with local operating regulations and requirements.

Planning and Strategy

• Drive the implementation of the department’s operational strategy, work plans, programs, systems, controls, policies and procedures to ensure a rigorous financial framework in alignment with Group overall objectives.
• Communicate and ensure implementation of working instructions, standard operating procedures, and operational standards (including LEAN principles) regarding all finance and accounting processes and practices in support of the achievement of organizational strategy and objectives.

Analysis and Reporting

• Ensure monthly management reports are produced with acceptable accuracy as per tight reporting deadlines.
• Use data analysis to strategically forecast financial trends.
• Ensure collaboration/interface with other departments on financial assessment of projects, business models and business plans.
• Provide broad guidelines for the management of Group fixed assets from an accounting perspective, ensuring that organizational policies with respect to accounting for fixed assets are always adhered to.
• Undertake interpretation and presentation of financial reports in order to monitor work and performance status as well as determine expenditure trends of the organization and provide inputs into strategic planning of the organization.

Working Capital Management

• Manage the Group’s cash-flow by ensuring strict adherence of credit terms to customers to enhance collection of debts and settle all liabilities on time.
• Managing transactional team and overseeing/reviewing sales ledger, purchase ledger, payroll, cash posting and all general ledger entries.
• Define and document Group’s credit guidelines, policies and procedures ensuring inculcation of best practices and ensure adequate monitoring and management of credit exposure.

Tax & Audit

• Oversee and drive preparation processes for annual audits pertaining to financial processes once the financial year is over, in accordance with agreed plans and timeframes.
• Handling VAT, PAYE and Tax duties, including corporation tax.
• Identify and mitigate tax risks
• Manage and coordinate tax audits
• Facilitate and manage the preparation and review company federal tax returns and the accurate, timely filing of all tax forms.

Internal Control

• Develop, implement, and continuously review internal controls, policies and procedures in the management and operations of the company in relation to the finance and accounting functions.
• Manage the annual audit of the Group to ensure statutory deadlines are met with ease.
• Oversee and drive preparation processes for annual audits pertaining to financial processes once the financial year is over, in accordance with agreed plans and timeframes.
• Manage the annual audit of the Group to ensure statutory deadlines are met with ease.
• Ensure compliance to all company policies and statutory matters.
• Proactively identify risks and define and implement strategies to prevent revenue leakage.

QUALIFICATIONS

For appointment to this post, a candidate must have.

• Bachelor’s degree in Finance/Economics/Accounting. A master’s degree would be an added advantage.
• Qualified CPA–K or ACCA
• Membership to Institute of Certified Public Accountants of Kenya (ICPAK)
• At least 10 years’ experience in the finance and accounting field with more than 5 years at a senior level.
• Experience in managing a diverse workforce.
• Experience in the regional market and working in a multinational organization is an added advantage.

CORE COMPETENCIES

• Responsible for all Staff within the Business Administration, Accounts Receivable, Accounts Payable and Office Administration functions and controlling.
• Proven leader, with strong managerial ability.
• Experience of evolving finance systems in a rapidly changing environment.
• Demonstrated ability to engage and influence senior level leaders regarding key business priorities, issues, and initiatives.
• Resilience
• Good understanding of micro and macroeconomic indices and their impact on the business.
• Very sound business acumen – financial and commercial knowledge.
• Strong communication and interpersonal skills.
• Strong leadership , people management and problem-solving skills.
• High ethical standards and integrity.

Interested and qualified persons are requested to make their applications attaching a detailed CV,copies of their certificates and testimonials indicating the subject- Chief Finance Officer- East Africa to career@lancet.co.ke on or before 14th April 2023 latest 5.00 pm (East African Time).

Only shortlisted candidates will be contacted. At Pathologist Lancet Kenya, we are an equal opportunity employer.